PROPERTY OVERVIEW:
A 14,092 BSF residential development site located on a 3,523 SF lot at 1805 Willow Lane in the Pelham Bay section of the Bronx. The property is zoned R7-1 and offers developers the opportunity to construct a multifamily residential project.
The existing improvements consist of a 2,852 SF two-family residential building, which will be delivered vacant at closing.
The lot dimensions are approximately 33.58 feet x 104.92 feet.
Based on publicly available tax lot and zoning information, a purchaser may independently evaluate the potential to assemble the subject property with adjacent parcels. Such an assemblage could potentially increase the overall residential development capacity to approximately 27,088 BSF with one adjoining parcel, or up to approximately 41,576 BSF with two adjoining parcels, subject to separate ownership, acquisition, zoning verification, and all required governmental approvals. No adjacent property is included in this offering.
The site is adjacent to Pelham Bay Park, New York City's largest public park, and is located approximately 0.3 miles from the Buhre Avenue subway station, which serves the 6 train.
ZONING & DEVELOPMENT POTENTIAL:
Zoning: R7-1
Buildable Area (Subject Property): 14,092 BSF
Lot Size: 3,523 SF
Lot Dimensions: Approximately 33.58' x 104.92'
Existing Improvements: 2,852 SF two-family residential building delivered vacant at closing
Potential two-lot assemblage analysis: Up to approximately 27,088 BSF, subject to independent acquisition of an adjacent parcel
Potential three-lot assemblage analysis: Up to approximately 41,576 BSF, subject to independent acquisition of adjacent parcels
Opportunity for multifamily residential development
No adjacent properties are included in this offering.
All development potential is subject to zoning verification, due diligence, and required governmental approvals.
POTENTIAL DEVELOPMENT ANALYSIS:
Subject Property Buildable Area: 14,092 BSF
Potential Two-Lot Assemblage: Up to approximately 27,088 BSF
Potential Three-Lot Assemblage: Up to approximately 41,576 BSF
Figures are based on publicly available zoning information and are provided for illustrative planning purposes only.
Any assemblage would require the independent acquisition of adjacent properties from their respective owners.
Adjacent properties are not included in this offering.
All development potential is subject to zoning verification, due diligence, and required governmental approvals.
Charles Turbak
G.E. Grace & Company, Inc.
